Magnolia Oil & Gas (MGY) EVP uses 15,156 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Magnolia Oil & Gas Corp executive reports tax-related share disposition. EVP and General Counsel Timothy D. Yang transferred 15,156 shares of Class A common stock at $28.55 per share to cover tax withholding obligations. After this tax-withholding disposition, he holds 676,661 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Yang Timothy D.
Role
EVP - GENERAL COUNSEL & SEC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 15,156 | $28.55 | $433K |
Holdings After Transaction:
Class A Common Stock — 676,661 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Magnolia Oil & Gas (MGY) report for Timothy D. Yang?
Magnolia Oil & Gas reported that EVP and General Counsel Timothy D. Yang disposed of 15,156 Class A common shares in a tax-withholding transaction. The shares were valued at $28.55 each to satisfy related tax obligations, not as an open-market sale.
Was the Magnolia Oil & Gas (MGY) insider transaction an open-market sale?
No, the transaction was coded “F,” indicating a tax-withholding disposition rather than an open-market sale. Shares were delivered at $28.55 per share to cover tax liabilities associated with equity compensation, not sold at the executive’s discretion.
What does transaction code “F” mean in the Magnolia Oil & Gas (MGY) insider filing?
Transaction code “F” means shares were used to pay an exercise price or tax liability by delivering securities. In this case, 15,156 Magnolia Oil & Gas shares were applied at $28.55 per share to satisfy tax withholding obligations on an equity award.
What is Timothy D. Yang’s role at Magnolia Oil & Gas (MGY)?
Timothy D. Yang serves as Executive Vice President, General Counsel and Secretary at Magnolia Oil & Gas. His role is noted in the insider report, which identifies him as an officer rather than a director or ten-percent beneficial owner of the company’s stock.